Godaddy Inc Stock Price, News & Analysis

GoDaddy Inc. (NYSE: GDDY) will release its financial results for the fourth quarter and fiscal year 2020 on February 11, 2021, after market close. Following the release, management will host a conference call at 5:00 p.m. ET to discuss the results, accessible through registration here. A recording will be available post-call on the investor relations website.

GoDaddy (NYSE: GDDY) has announced a definitive agreement to acquire Poynt for $320 million in cash at closing, plus $45 million in deferred payments tied to performance. The transaction aims to enhance GoDaddy's commerce services by integrating Poynt's advanced point-of-sale technology, addressing the growing need for small businesses to merge online and offline sales channels. Poynt currently supports over 100,000 merchants with more than $16 billion in annual Gross Merchandise Volume. The acquisition is expected to finalize in Q1 2021, pending regulatory approvals.

GoDaddy (NYSE: GDDY) has launched GoDaddy Corporate Domains, a comprehensive domain management solution tailored for large companies. This initiative follows the acquisition of Brandsight in February 2020. Corporate domain portfolios often consist of many domains, complicating management and oversight. GoDaddy Corporate Domains aims to streamline this process, providing clients with valuable data insights, cost containment strategies, and advanced security solutions. Additionally, GoDaddy introduced the Verified Intellectual Property (VIP) program to assist well-known brands in addressing IP abuse.

GoDaddy Inc. (NYSE: GDDY) reported Q3 2020 results with revenue of $844.4 million, up 11.0% year-over-year, and net income of $65.1 million. The company achieved a record of over 1 million net new customers this year, marking the largest increase in its history. Unlevered free cash flow rose 17.0% to $223.9 million. Despite a 1.4% decline in cash from operations, GoDaddy expects to generate approximately $865 million in revenue for Q4, representing 11% growth. The company also announced the departure of COO Andrew Low Ah Kee.

GoDaddy Inc. (NYSE: GDDY) is set to release its third-quarter financial results on November 4, 2020, after market close. The company will conduct a conference call at 5:00 p.m. Eastern Time to discuss these results. Interested participants can register for the call through a provided link and access a live webcast on GoDaddy's investor relations website. With a global customer base of 20 million, GoDaddy aims to empower entrepreneurs with tools for online success.

GoDaddy announced that its Over app is now available in 12 new languages, enhancing accessibility for small businesses globally. The app helps users create professional visual content for various online platforms, catering to entrepreneurs in over 150 countries. With features like customizable templates and thousands of graphics available, Over aims to foster brand engagement. GoDaddy's Vice President highlighted the app's growing adoption as businesses increasingly shift online.

GoDaddy (NYSE: GDDY) announced the integration of its content design app, Over, into its Websites + Marketing platform, enhancing tools for entrepreneurs and small businesses. Users can now access a library of customizable photo and video templates directly within the website builder. This feature aims to simplify the creation of professional content, enabling users to design ads, logos, and social media posts effortlessly. The Over app remains available as a standalone option on major app stores, catering to users across all marketing tiers.

GoDaddy (GDDY) has expanded its Websites + Marketing Ecommerce by enabling customers to sell products directly on Instagram and Facebook. This integration allows automatic syncing of product details across platforms, streamlining inventory management and order fulfillment. As a Facebook Marketing Partner, GoDaddy helps small businesses reach customers where engagement is highest. Upcoming features include integration with Instagram Checkout and enhanced onboarding for Facebook Shops. The initiative supports entrepreneurs by providing tools to manage multiple online sales channels efficiently.